Sunday, May 30, 2021

A Defeat For Big Oil ???

Here is a report about recent moves against Big Oil:

https://www.nytimes.com/2021/05/29/world/canada/exxon-investors-clean-energy.html

From what I gathered during my career in air pollution permitting, there is no currently feasible technology which would allow Big Oil to become "net zero" by reducing emissions at their wells and refineries. This means two things in the near term:

1. They'll fake net zero by planting trees and other such nonsense, and/or

2. They'll cut production.

I see no cause for celebration, unless you really like the idea of riding a bicycle.

Reports like the one above give short shrift to two basic issues:

1. Are these environmental "activists" really tree-huggers, or are they in it for a big payday? There are some in both camps.

2. What will a world without fossil fuels really be like? I suggest it will be cold (or hot, depending on latitude), dark, and much more expensive than the one in which we now live.

There may be no stopping this runaway train, but as the lights slowly go out, ask yourself this - did you vote for a low energy economy, or did "your" representatives and senators (all of whom are financed in and out of office mainly by corporations) decide what is good for We the People?

I'll bet you thought this was a democracy, but it ain't ... and we're just in the way of their "great reset".

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